One in five Indians uses the same password across all personal accounts: Report – The Economic Times

In line with the Consumer Identity Trends report by US-listed id administration firm Okta, one in 5 Indians nonetheless reuses the identical password throughout all private accounts.

The report additionally highlights that digital engagement is at an all-time excessive, with over 30% of the respondents logging into ten or extra private on-line accounts month-to-month.

Passwords maintain sway however there may be rising acceptance of contemporary authentication strategies. About 55% of the Indian shoppers surveyed use fingerprint recognition, and 35% use facial IDs for logins.

“The shift to biometrics, each in India and throughout the globe, is evolving with a degree of confidence,” famous Ben Goodman, senior vice chairman & common supervisor, APAC and Japan, at Okta. “To get safety proper for id, you must have simply sufficient friction to instill confidence, however not an excessive amount of friction to dissuade somebody from utilizing a service.

Goodman additionally advised ET that markets with robust system uniformity (like these with widespread Apple adoption) see excessive utilization of Face ID. India’s numerous smartphone panorama, then again, means “you in all probability do not have unilateral adoption of that being the first methodology in comparison with different markets”.

Over half the inhabitants (54%) discover it handy to make use of authorities IDs equivalent to Aadhar for verification functions, intently adopted by SMS/voice calls at 44%.

Digital dangers

The report states that nearly 81% of respondents expressed concern about identity fraud, significantly greater than the worldwide common of 63%.

That is at odds with the truth that shoppers present outstanding belief in corporations to guard their private knowledge, with 67% expressing confidence, nicely above the 50% international common.

Goodman identified that it’s because on the governmental and coverage degree, India has been far more assertive in comparison with different markets globally, in holding Indian nationals’ knowledge in India.

This extends to a 50% probability of sharing private knowledge on-line. Belief ranges are considerably greater than international averages throughout key sectors: 79% belief banks, 73% belief tech corporations, 70% belief authorities companies, and 69% belief on-line retailers.